Coburg North at a glance
8,843
People
$939,250
Median sale
$543/wk
Median rent
3.01%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
VIC › Coburg North › Mehegan Ave
$851,700
Last sold
24 Nov 2025
3
Bedrooms
1
Bathrooms
8
Car spaces
516 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$851,700
24 Nov 2025 · derived via latest_sale
Local land rate: recorded House sales in Coburg North (last 5 years) with land size have a median of $2,013/m² of land (n=39). Districts calculation from recorded sales — not a valuation.
Coburg North at a glance
8,843
People
$939,250
Median sale
$543/wk
Median rent
3.01%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Vs Coburg North
-9.3%
Median sale
Suburb $939,250
+0.31 pp
Gross yield
Suburb 3.01%
Suburb median $939,250 from 34 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $543/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Coburg North at a glance
8,843
People
$939,250
Median sale
$543/wk
Median rent
3.01%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White PrestonSet in one of Coburg North's most charming and tightly held pockets, 21 Mehegan Avenue presents an incredibly rare opportunity for buyers with creativity, vision, and an appreciation for character homes. Brimming with period charm and timeless detail, this original residence, set on a generous 516sqm (approx.) allotment, offers immense potential to be beautifully restored, renovated, and reimagined for modern living while retaining its classic appeal. With generous proportions and a traditional floorplan, it provides the ideal blank canvas for those wanting to craft a warm and inviting family haven in a location that continues to thrive in popularity.
Step inside and you'll find a home that tells a story with high ceilings, large rooms, and the unmistakable character that defines homes of its era. While ready for a transformation, the possibilities here are endless, offering scope to design stylish open-plan living zones, enhance natural light throughout, and create seamless indoor-outdoor spaces that make the most of the generous allotment. The large backyard offers plenty of space for future gardens and entertaining.
The location is every bit as impressive as the potential. Situated in a peaceful, tree-lined street surrounded by well-kept homes, you're just moments from the vibrant energy of Sydney Road and Coburg Hill Plaza, offering an array of cafés, restaurants, and shopping options. Excellent public transport links, including nearby trams and trains, make commuting easy, while popular schools, local parks, and bike trails are all within close reach, creating an enviable balance of convenience and community.
Opportunities like this are increasingly rare - a home with enduring charm, positioned in one of Melbourne's most connected inner-north suburbs, and offering limitless potential for a creative transformation. Whether you're an experienced renovator, a passionate homeowner looking to make your mark, or an investor with an eye for growth, 21 Mehegan Avenue represents a once-in-a-generation chance to unlock the true beauty and potential of a timeless classic in an exceptional location.
Listing description written by Ian Dempsey, Ray White Preston — reproduced as published, not verified by Districts.